Elmekies Equities Leases Office Space At 251 West 39th Street In Midtown Manhattan
251 West 39th Street, Manhattan, New York, NY, USA
Building Size
4,200 SF
Asset Type
Office
Closing
Aug 5, 2021
About this deal
AI
An office space located at 251 West 39th Street in Midtown has been leased. The tenant, Elmekies Equities, represented by Nathan Elmekies, will occupy the 4,200 square feet property. The landlord, Miriam Unger, facilitated the lease transaction. Mark Gindi from an undisclosed agency served as the broker in this deal. The asking rent for the space was $38 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Date: 08/06/2021
- Address: 251 West 39th Street
- Market: Midtown
Elmekies Equities, led by Nathan Elmekies, is a company that has secured this lease. Miriam Unger is the property's landlord. Mark Gindi, representing an undisclosed agency, played a crucial role as the broker in the transaction. Furthermore, Elmekies Equities is actively seeking real estate agents for investment sales, retail leasing, and residential properties. Those interested can reach out to Adam at [email protected] for more information.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93